Benzinga's Top Upgrades, Downgrades For January 8, 2018


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Top Upgrades

  • Analysts at JP Morgan upgraded Caterpillar Inc. (NYSE:CAT) from Neutral to Overweight. Caterpillar shares rose 1.31 percent to $164.08 in pre-market trading.
  • Needham upgraded Applied Materials, Inc. (NASDAQ:AMAT) from Buy to Strong Buy. Applied Materials shares climbed 1.36 percent to $55.34 in pre-market trading.
  • Desjardins upgraded Rogers Communications Inc. (USA) (NYSE:RCI) from Hold to Buy. Rogers Communications shares closed at $50.44 on Friday.
  • Susquehanna upgraded The Western Union Company (NYSE:WU) from Negative to Neutral. Western Union shares rose 1.55 percent to $20.92 in pre-market trading.
  • Analysts at Deutsche Bank upgraded Radian Group Inc (NYSE:RDN) from Hold to Buy. Radian Group shares closed at $20.98 on Friday.
  • Analysts at Citigroup upgraded Meritage Homes Corp (NYSE:MTH) from Neutral to Buy. Meritage Homes shares rose 0.09 percent to close at $53.65 on Friday.
  • Morgan Stanley upgraded SunTrust Banks, Inc. (NYSE:STI) from Equal-Weight to Overweight. SunTrust shares rose 0.05 percent to close at $65.91 on Friday.
  • Goldman Sachs upgraded United Technologies Corporation (NYSE:UTX) from Neutral to Buy. United Technologies shares rose 1.63 percent to $133.71 in pre-market trading.
  • Analysts at Raymond James upgraded Hyatt Hotels Corporation (NYSE:H) from Market Perform to Outperform. Hyatt shares rose 0.01 percent to close at $73.22 on Friday.
  • BMO Capital upgraded Electronic Arts Inc. (NASDAQ:EA) from Market Perform to Outperform. Electronic Arts shares rose 1.08 percent to $113.60 in pre-market trading.

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Top Downgrades

  • H.C. Wainwright downgraded Alliqua Biomedical Inc (NASDAQ:ALQA) from Buy to Neutral. Alliqua BioMedical shares slipped 3.97 percent to $2.42 in pre-market trading.
  • Jefferies downgraded Snap Inc (NYSE:SNAP) from Buy to Hold. Snap shares fell 1.66 percent to $14.26 in pre-market trading.
  • Analysts at Longbow Research downgraded GoPro Inc (NASDAQ:GPRO) from Buy to Neutral. GoPro shares dropped 4.26 percent to $7.20 in pre-market trading.
  • Analysts at Barclays downgraded Hortonworks Inc (NASDAQ:HDP) from Overweight to Equal-Weight. Hortonworks shares fell 2.84 percent to $20.15 in pre-market trading.
  • Morgan Stanley downgraded Pandora Media Inc (NYSE:P) from Overweight to Equal-Weight. Pandora dropped 4.84 percent to $4.92 in pre-market trading.
  • TD Securities downgraded Methanex Corporation (USA) (NASDAQ:MEOH) from Buy to Hold. Methanex shares fell 1.11 percent to $62.50 in pre-market trading.
  • SunTrust Robinson Humphrey downgraded Appian Corp (NASDAQ:APPN) from Buy to Hold. Appian shares fell 6.75 percent to $37.00 in pre-market trading.
  • Needham downgraded KLA-Tencor Corp (NASDAQ:KLAC) from Strong Buy to Buy. KLA-Tencor shares closed at $109.86 on Friday.
  • Wedbush downgraded GrubHub Inc (NYSE:GRUB) from Outperform to Neutral. GrubHub shares slipped 1.53 percent to $71.85 in pre-market trading.
  • Goldman Sachs downgraded Interactive Brokers Group, Inc. (NASDAQ:IBKR) from Neutral to Sell. Interactive Brokers shares closed at $60.34 on Friday.


Top Initiations

  • First Analysis initiated coverage on Catalent Inc (NASDAQ:CTLT) with an Equal-Weight rating. Catalent shares closed at $41.66 on Friday.
  • Credit Suisse initiated coverage on ONEOK, Inc. (NYSE:OKE) with an Outperform rating. The price target for ONEOK is set to $62. ONEOK shares closed at $56.06 on Friday.
  • RBC Capital initiated coverage on Nutrien Ltd. (NYSE:NTR) with an Outperform rating. The price target for Nutrien is set to $60. Nutrien shares closed at $55.55 on Friday.
  • Analysts at UBS initiated coverage on CNH Industrial NV (NYSE:CNHI) with a Buy rating. The price target for CNH Industrial is set to $17. CNH Industrial Partners shares closed at $14.11 on Friday.
  • Lake Street initiated coverage on Meta Financial Group Inc. (NASDAQ:CASH) with a Buy rating. The price target for Meta Financial is set to $120. Meta Financial shares closed at $90.15 on Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: UpgradesDowngradesInitiationPre-Market OutlookAnalyst RatingsInitiationstop upgrades